I was talking to a journalist yesterday about the situation in China’s hog market for a story they were writing. At one point, they asked why China even cares about overcapacity in the hog industry? These hog companies expand too much, some go out of business, and in the meantime, consumers get really cheap pork. What’s the issue?
A similar situation with overcapacity has been playing out in China’s food delivery market. On Wednesday, state media outlet Economic Daily published an article titled...